Apparently you can have one built for $130k in 6 months and then rent it out for $1800-2200 depending on the location of the primary SFH.  

Private money (not hard money - there is a huge difference) is built with time, experience and connections.

Between 2023-25, 1800 new apartments are being/have been built so just keep that in mind when thinking through your strategy. 

Purchased all cash as a major fire damaged home and knocked almost all of it down and re-built it with new addition and rooftop deck with jet-liner views of the city!

For example, we once built rapport with a seller, which allowed us to negotiate better terms.

However, given a lax board and the community's preference to avoid assessments and projects I believe no major repair or replacement work has been done since the building was built in the mid 80's (i.e. roof, plumbing etc.,).

@Frank SichelleI don’t believe they will hold sponsors to a higher threshold if these are a 506c offerings as there is a difference between ethics and law and being unethical does not equate to being illegal.There are also multiple layers of protection built in to these offerings that even in most cases if you sue they will use your money to defend the case.

It's a hybrid deal because the seller will also do seller financing for $83K of the equity at 0% interest rate.Here are the numbers:PITI (VA Loan) monthly payments of $1,203 with a loan balance of $203,000Seller financed at 0% $83K with monthly payments of $300Total monthly payments: $1,503Monthly rent: $1,950Down payment: $35KThe house was built in 2005 and it's spacious.

Hi Sylvia,I’m seeing vacant lots within HOAs like The Hideout, Indian Rocks, and Lake Wallenpaupack estates that have high margins and researching the area, I found at least a couple similar lots in the same area selling for %200 profit on the low side. 

My focus was doing off-market BRRRR's and I've built a portfolio of 12-doors.